‘Uncertain times’: Albo’s super concerns
Anthony Albanese says Australia has been in contact with the White House, as he says the global chaos from the Trump tariffs is concerning for Aussie super.
Anthony Albanese says Australia has been in contact with the White House, as he says the global chaos from the Trump tariffs is concerning for Aussie super.
The Australian Dollar is the weakest it’s been in five years thanks to Donald Trump’s tariffs.
The fallout from US President Donald Trump’s tariff policy continued to send shockwaves through the market, wiping out more than $50bn on the local market.
Australia’s sharemarket has plunged again after global markets continued to sell-off overnight on fears the US tariff policy could be the start of a recession.
The ASX finished slightly up on Friday, but investors remain uncertain over a potential hung parliament and US President Donald Trump’s tariffs.
The ASX stumbled into the red on Thursday as US President Donald Trump’s freshly announced auto import tariffs stirs ‘mass uncertainty’ among investors.
The major banks have slashed their deposits and savings rates, just days before the RBA will announce the nation’s official cash rate.
The local sharemarket has secured its fifth consecutive day of gains on Wednesday as optimistic investors rallied in 10 of 11 sectors.
President Trump’s hawkish tariff talk has softened and the local bourse soaked up the resulting Wall St boom.
The Australian ASX200 has seesawed as markets await major economic updates, including just what Donald Trump will do next on tariffs.
Australia’s central bank is likely to be nervous ahead of its next rate decision for one very good reason that’s out of its hands.
A rally in Woolworths and Coles shares on Friday helped the ASX finish higher on Friday, helping to lift the ASX to its best weekly gain in 2025.
Original URL: https://www.couriermail.com.au/business/markets/australian-dollar/page/3